Colorectal Cancer: Newly Diagnosed: Insurance (Stages 2, 3, 4)
As a person who has recently been diagnosed, the only insurance you need to concern yourself with at this point is health insurance.
If you have health insurance, it helps to understand the concept behind the policy coverage to get an understanding of what is and is not covered. Underlying concepts are not difficult to understand. They give you an idea of what you can argue for the medical care you want is not covered. The documents in “To Learn More” provide information to help you figure out what general type of policy you have, the concepts, and how to maximize benefits.
If you have Medicare or Medicaid (Medi-cal in California), information is in our Government benefits sector since those programs are government sponsored programs. For information, click here.
In particular, learn about coverage for the doctors you need to see and the diagnostic tests you agree to, as well as coverage for the treatment(s) you agree to. Also look for coverage for second and even third opinions. Most policies cover. Do you need pre-approval?
Appeal if the insurer denies coverage for a visit, diagnostic tool or treatment/drug, but you think it should be covered. Experience shows that appeals are worth the time and effort.
If you have a tax advantage health savings account, our document in “To Learn More” explains how to maximize the benefit.
- If you don’t have health insurance, you can still get it despite your diagnosis. When things settle, read our document about how. See “To Learn More.”
- If you get an opportunity to get life insurance or increase the death benefit of any life insurance you already have, take it. In addition to increasing the value of your estate for your heirs, you can get cash from life insurance if your life expectancy becomes limited as a Living Benefit from the life insurance company or as a sale through a Viatical Settlement or Senior Settlement. (For information, see the documents in “To Learn More.”)
- If you have disability insurance: when you get time, check to see if the income will be enough for your needs if you become disabled. If not, look for an opportunity to increase the benefit.
- Continue to pay premiums for all insurance you have in force.
- When you are on the other side of treatment, revisit the insurance sector to find out if there are other insurance coverages you should consider. You have enough on your plate at this point. This subject can wait.
To Learn More
More InformationTax Advantaged Health Savings Plans Health Insurance: Types Of And How To Know Which You Have Health Insurance: Claims: Appeals Health Insurance: Claims Health Insurance: How To Maximize Use Of Your Medicaid Medicare 101: An Overview New Uses Of Assets - A Living Benefit From Your Life Insurance Policy Life Insurance: Sale Of
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